Swiss National Bank Has $57.59 Million Stock Holdings in Pinterest, Inc. (NYSE:PINS)

Swiss National Bank grew its position in Pinterest, Inc. (NYSE:PINS) by 1.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,779,000 shares of the company’s stock after buying an additional 16,800 shares during the period. Swiss National Bank’s holdings in Pinterest were worth $57,586,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in PINS. Brown Shipley& Co Ltd acquired a new stake in Pinterest in the second quarter worth about $25,000. Wellington Shields Capital Management LLC bought a new stake in shares of Pinterest during the second quarter worth approximately $26,000. Hexagon Capital Partners LLC lifted its holdings in Pinterest by 157.7% in the second quarter. Hexagon Capital Partners LLC now owns 750 shares of the company’s stock valued at $33,000 after buying an additional 459 shares during the period. GAMMA Investing LLC grew its holdings in Pinterest by 113.4% during the 2nd quarter. GAMMA Investing LLC now owns 762 shares of the company’s stock worth $34,000 after acquiring an additional 405 shares during the period. Finally, Rothschild Investment LLC acquired a new stake in Pinterest during the 2nd quarter worth $35,000. Institutional investors own 88.81% of the company’s stock.

Insider Activity at Pinterest

In related news, Director Gokul Rajaram sold 1,150 shares of Pinterest stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $33.52, for a total transaction of $38,548.00. Following the completion of the transaction, the director now owns 33,686 shares in the company, valued at approximately $1,129,154.72. This trade represents a 3.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Donnelly Julia Brau sold 30,280 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $32.72, for a total value of $990,761.60. Following the completion of the sale, the chief financial officer now owns 297,351 shares in the company, valued at $9,729,324.72. This represents a 9.24 % decrease in their position. The disclosure for this sale can be found here. 7.11% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on PINS. UBS Group reduced their price target on Pinterest from $52.00 to $46.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. Morgan Stanley boosted their target price on Pinterest from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 23rd. Rosenblatt Securities cut their price target on shares of Pinterest from $48.00 to $46.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Pinterest in a report on Monday, September 23rd. They set a “buy” rating and a $43.00 price objective for the company. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $48.00 target price on shares of Pinterest in a report on Thursday, September 12th. Seven investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Pinterest presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.00.

Pinterest Stock Up 2.4 %

NYSE:PINS opened at $29.70 on Wednesday. Pinterest, Inc. has a twelve month low of $27.00 and a twelve month high of $45.19. The firm has a market capitalization of $20.07 billion, a price-to-earnings ratio of 97.27, a price-to-earnings-growth ratio of 2.02 and a beta of 1.02. The stock’s 50 day moving average price is $31.70 and its two-hundred day moving average price is $36.10.

About Pinterest

Pinterest, Inc operates as a visual search and discovery platform in the United States and internationally. Its platform allows people to find ideas, such as recipes, home and style inspiration, and others; and to search, save, and shop the ideas. The company was formerly known as Cold Brew Labs Inc and changed its name to Pinterest, Inc in April 2012.